An Analysis of the Application of E-commerce (MSP) in China and Its Policy Implications

摘要

Physical wholesale markets have helped to promote economic growth in many regions Or China. With the increasing role of the market economy and the impact of information technology, the dominance of physical wholesale markets will be reduced in the future. The key to future economic growth lies in the development of E-commerce and the need for Marketplace Service Providers (MSP). As a MSP for E-commerce, Rubber Net China (www.rubber99.com) offers various functions, including online trading, online auction, online tender, electronic clearing as well as goods delivery. This serves to meet the needs of modern business, which demands different methods of trading. Its full range of supporting services helps to protect the completion of trading over the Internet. This represents a perfect integration of the traditional economy and the New Economy. It is proposed that the government should amend and improve laws on contracts to recognize electronic signatures and E-contracts as equivalent to original signatures and written contracts. At the same time, regulations on value added tax should be reformed in order to provide better legal protection for the development of E-commerce.